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6. The following Trial Balance of Wahoo Co. does not balance. Cash. Accounts Receivable. Supplies.... Equipment Accounts Payable Unearned Service Revenue Common Stock.. Dividends Retained
6. The following Trial Balance of Wahoo Co. does not balance. Cash. Accounts Receivable. Supplies.... Equipment Accounts Payable Unearned Service Revenue Common Stock.. Dividends Retained Earnings Service Revenue. Salaries and Wages Expense. Office Expense. Wahoo Co. Trial Balance June 30, 2022 Debit $3,151 1,300 5,300 1,200 575 3,410 840 $15,776 Credit $1,990 $ 2,566 5,000 5,675 2,380 $17.611 Each of the listed accounts should have a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors. 1. Cash received from a customer on account was debited for $500, and Accounts Receivable was credited for the same amount. The actual collection was for $600. 2. The purchase of a computer printer on account was for $1,000 was recorded as a debit to Supplies for $1,000 and a credit to Accounts Payable for $1,000. 3. Services were performed on account for a client for $890. Accounts Receivable was debited for $890 and Service Revenue was credited for $89. 4. A payment of $85 for telephone charges was recorded as a debit to Office Expense for $85 and a debit to Cash for $85. 5. When the Unearned Service Revenue account was reviewed, it was found that service revenue amounting to $325 was performed prior to June 30 (related to Unearned Service Revenue). 6. A debit posting to Salaries and Wages Expense of $760 was omitted. 7. A payment on account for $206 was credited to Cash for $206 and credit to Accounts Payable for $260. 8. A dividend was debited to Salaries and Wages Expense for $675 and credited to Cash for $675.
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